Global Chemistry Production Grows During October

With the effects from hurricanes well behind the chemical industry, global chemical production rose by 0.4% in October from September, the American Chemistry Council (ACC) said on Monday in its latest Global Chemical Production Regional Index (Global CPRI).

October production gains were broad-based, the ACC noted.

Source: ACC

Year over year, the global CPRI was up by 2.7% on a three-month moving average (3MMA) basis.

Though chemical production in North America improved overall, the rise in production reflected a rebound from the effects of Hurricane Harvey in the US. The ACC noted that for Canada and Mexico, chemical production slipped during October.

In Latin America, the ACC said chemical industry output in October increased by 0.3% month on month.

The ACC said that for Western Europe, chemical production rose by 0.4% month on month in October. Chemical production in the Asia-Pacific region also increased 0.4% in October, the ACC said, despite weakness in China.

The Global CPRI measures the production volume of the business of chemistry for 33 key nations, sub-regions, and regions, all aggregated to the world total. The index is comparable to the Federal Reserve Board production indices, the group said.